Get the Forex forecast focusing on the major currency pairs you should pay attention to during the new trading week of July 31, 2017 here. To receive James Stanley’s Analysis directly via email, please sign up here . USD Daily: Deeper Support Potential 1. JPY Technical Analysis: Still Ranging . A closed wick through support on the daily chart opens the door to bullish setups, and the support zone that I’m following runs from 132. 2008-2012 major move, down to 131.
43, which was a swing-high in early-August. Stops can be set below the November swing-low at 131. Two major risk events will take place in Asia tomorrow, the Bank of Japan meeting and the Korean summit. JPY has been following both the ascending trend line and the EMA perfectly and we might see the uptrend continuation. 50-60 could reject the pair on retracement. S Dollar has been strong the past week and speculators may aim for downside action from the Euro short term. However, there are reasons to believe the Yen could get stronger because of risk adverse situations arising in the coming days.
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It would help instead of having to scroll through each image and make this Yahoo experience more enjoyable. SPD members voted on the coalition, with 66. The pair found a bounce to cap off Friday’s trading and the push at the market open looks set to continue that run, with the week’s opening gap closed neatly within minutes of the open. The pair is still trading just south of the 200-day SMA, but pattern traders will note the spinning top and hammer candlesticks, both bullish and coming off the recent low of 129. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities.